Japanese Yen Weekly Price Outlook: Pending USD/JPY Range Break

Dollar is virtually unchanged vs the Japanese Yen a month into 2018 with price holding a well-defined range. Here are the levels that matter on the USD/JPY weekly chart.


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Oil Outlook Supported by Waning OPEC Output & Stagnant Non-OPEC Supply

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DXY Index Runs into Symmetrical Triangle Resistance and Rally Halts

The US Dollar’s week-long rally has run into its first obstacle, with key technical resistance constraining the DXY Index.


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Becoming a Better Trader – Rules to Trade By

In this webinar, I discussed a few important tenets and ideas that traders of any style can use to help develop their methodology and approach to markets.


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USD in Demand By Default, CAD Drops, GBP Short Coverered - US Market Open

The US Dollar continues to extend on its recent gains with the greenback. Softer oil prices and wider bond spreads have not boded well for CAD.


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S&P 500 : Suggests a Bullish Trading Bias

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.


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GBPUSD Bounces at Support; US Dollar Hits Resistance at Monthly Highs

The week-long rally in the US Dollar has continued, and the currency is now trading above two resistance levels of note.


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GBPUSD Drops as BoE Slashes Growth Forecasts Amid Brexit Risks and Slowing Economy

GBPUSD falls to intra-day lows as BoE downgrades economic forecasts given the uncertainties surrounding Brexit and the slowing of the global economy.


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Technical Outlook for S&P 500, Dow Jones, and Nasdaq 100

Extended has become more extended as new resistance levels come into view, still waiting on price action to suggest the rally is due for a breather or over.


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GBP Technical Analysis Overview: GBPUSD, GBPJPY, EURGBP

GBPUSD losses curbed by key Fibo, while topside resistance keeps EURGBP upside limited.


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European Commission Cuts Eurozone Growth Forecasts, EUR Sliding

The European Commission has cut its forecast for Eurozone GDP growth this year to 1.3% from 1.9% in a report that will do nothing to halt the current weakness of EURUSD.


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Brexit Latest: Sterling (GBP) Struggles as PM May Heads to Brussels

UK PM Theresa May heads to Brussels for meetings with European Commission President Juncker and European Council President Tusk with the laters ‘Hellish’ comments still reverberating.


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EURUSD Price: Bearish Bias Remains as US Dollar Bulls Run

EURUSD continues to move lower on Euro weakness/US dollar strength double. And there could be more trouble ahead with the release of the European Economic Forecasts later this morning.


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Pound May Fall as Yen Gains on Downbeat BOE, EU Projections

The British Pound may fall alongside commodity bloc currencies while the Yen and US Dollar rise as downbeat BOE and EU forecasts unnerve markets.


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Asia Stocks Mixed as Nikkei 225 Stalled at Resistance Before BoE

Asia stocks traded mixed as the Nikkei 225 appeared to be on the verge of reversing to the downside. Ahead, sentiment may sour if Bank of England underscores global growth fears.


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S&P 500 Has a Technical Stall, Dollar Accelerates and Pound Readies for BOE Decision

The S&P 500’s climb has produced an inside day on very thin volume. We shouldn’t call a turn, but it is something for which we should remain vigilant. Event risk is building these next 24 hours with the BOE decision topping the list.


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EUR/USD Eyeing German Industrial Production, Gloomy Presentiments

The Euro will be closely watching German Industrial Production after Factory Orders substantially fell short of expectations. Movements in European bond markets are reflecting broader risk.


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Number One Spark for a Dollar Bullish Resurgence

Fading growth forecasts, a drop in Fed rate projections and blowback from anti-trade policies pose a general threat to the US Dollar. Yet, there is one, increasingly probable scenario that stands as a possible amplifier for serious rally.


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Japanese Yen Technical Analysis: USD/JPY Bulls Lack Conviction

The Japanese Yen has slipped a little against the US Dollar in the past week but its old range hasn’t been conclusively abandoned quite yet.


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Crude Oil Prices at Risk if BOE, EU Forecasts Feed Growth Fears

Crude oil prices may fall as updated forecasts from the Bank of England and the European Commission stoke global slowdown fears, curbing investors’ risk appetite.


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